Award

Crypotcurrency and Virtual Assets - Secure Storage and Realisation

GREATER MANCHESTER COMBINED AUTHORITY - GREATER MANCHESTER POLICE

This public procurement record has 1 release in its history.

Award

14 Jul 2022 at 11:40

Award Notice
Summary of the contracting process

The procurement process titled "Cryptocurrency and Virtual Assets - Secure Storage and Realisation" was initiated by the Greater Manchester Combined Authority - Greater Manchester Police. This project falls under the financial and insurance services category, with a specific focus on banking and investment services. The procurement method involved a direct award to Komainu (Jersey) Limited, following a completed due diligence process as part of the NPCC Cyber Crime Programme. The contract period commences from 10 March 2022 and runs until 20 December 2025, with an estimated contract value of £100,000. The services are to be delivered in the North West region of the United Kingdom, and the procurement process has now reached the award stage.

This tender offers significant opportunities for businesses in the financial services sector, particularly those specialising in cryptocurrency storage and management. Companies that focus on secure digital asset solutions or have expertise in cyber security and risk management would be well-suited to compete in future procurements arising from this framework. The established relationship with the Greater Manchester Police may also open avenues for ongoing collaboration and service provision in public sector contracts.

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Notice Information

Notice Title

Crypotcurrency and Virtual Assets - Secure Storage and Realisation

Notice Description

A procurement process and due diligence has been completed by the Police and Crime Commissioner for Derbyshire on behalf of the NPCC Cyber Crime Programme for the secure storage and realisation of virtual assets. This resulted in a Framework Agreement being entered into with Komainu (Jersey) Limited for the provision of Cryptocurrency Storage and Realisation Services (DP0527) dated 27 January 2021. GMP have a call off under this framework. The value can only be estimated as the value of the cryptocurrency may change. Handling fees are paid by the owner of the cryptocurrency.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-149724c2-d771-4e0e-b896-15239e5422af
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/572b4f15-9d91-4155-ae8a-28cbbbc033fa
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
£100,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jul 20223 years ago
Submission Deadline
10 Mar 2022Expired
Future Notice Date
Not specified
Award Date
9 Mar 20223 years ago
Contract Period
10 Mar 2022 - 20 Dec 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GREATER MANCHESTER COMBINED AUTHORITY - GREATER MANCHESTER POLICE
Contact Name
Alison Harper
Contact Email
alison.harper@gmp.police.uk
Contact Phone
+44 1618561140

Buyer Location

Locality
MANCHESTER
Postcode
M11 2NS
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England)
Local Authority
Manchester
Electoral Ward
Clayton & Openshaw
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

KOMAINU (JERSEY

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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